Provision for current tax includes provision for Fringe Benefit Tax (FBT) of Rs. 0.73 crore (US$ 0.2 million) for the quarter ended 30th June 2007 (previous year Rs. 4 crore).
The Company is a Petrochemicals manufacturing company. All other activities of the company revolve around the main business.
As such, there are no separate reportable segments, as defined by AS–17 (Segment Reporting) issued by the Institute of Chartered Accountants of India. The Capital employed as on 30th June 2007 was Rs. 8,794 crore (US $ 2,160 million).
There was no complaint from Investors pending redressal as on 1st April 2007. The number of complaints received during the quarter ended 30th June 2007 was 571. All complaints were disposed off during the quarter. No complaint was pending as on 30th June 2007.
The Statutory Auditors of the Company have carried out a Limited Review of the results for the quarter ended 30th June 2007.
The above results were reviewed by the audit committee. The Board of Directors at its meeting held on 28th July 2007 approved the above results and its release.
Reliance Industries Limited
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